Job Classification:

Actuarial - Actuarial

The Vice President & Actuary, Supplemental Health will primarily be responsible for leading the finance and actuarial team working with product, pricing and underwriting in developing new product and pricing initiatives to improve the growth and profitability within Prudential Group Insurance’s Supplemental Health products, including Critical Illness, Hospital Indemnity and Accident Insurance. Specific activities will include leading the development of pricing methods, support for product development, case level pricing and underwriting consultation, and engagement with Group and Corporate Finance on financial planning and analysis of emerging results.

The individual in this role will have to be a strong leader, collaborator and relationship builder as this role interacts with Group Insurance Finance and Actuarial leadership, Product leadership, Underwriting, Distribution, and enterprise functions.

What you can expect:

This position will report to the Vice President of Group Insurance Pricing & CFO for Disability, Supplemental Health and Medical Stop Loss.

• This position will take the lead actuarial and finance role in Prudential Group Insurance's strategy to grow Voluntary products, working closely with Distribution, Underwriting, Product, and Operations partners to drive profitable growth in Supplemental Health.
• Function as the lead expert in the design and development and execution of pricing strategies, including extensive collaboration with other functions in the business to ensure a disciplined implementation of strategies, training in the use of pricing tools, etc.
• Lead and provide technical guidance in the development and/or enhancement of new products, including assumption development, understanding reserve and capital requirements, modeling, and pricing, etc.
• Design and lead the development of data analytics and actionable insights as the business grows over time.
• Lead and develop a team of actuarial and finance professionals supporting the Supplemental Health business.
• Represent Supplemental Health and Group Insurance in enterprise and industry forums.
• Opportunity to collaborate and expand into other products within Prudential Group Insurance including Life, Disability and Medical Stop-Loss.

What you’ll need:

• 7+ years of experience, including Voluntary Benefits and Supplemental Health product experience with product development, pricing, actuarial and financial projections.
• Proven experience in team leadership, and leadership within a business environment.
• Collaborative and inclusive team player.
• Strong quantitative and analytics skills.
• Excellent written and verbal communication skills to communicate pricing results, profitability metrics, risks to senior leaders and key stakeholders.
• Data driven mindset with the ability to make decisions informed by reliable data and insights.
• Strong external focus with the ability to navigate internal teams and processes to deliver on objectives and goals.
• Professional actuarial designation ASA, FSA, FIA or equivalent.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $195,100.00 to $263,900.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.